Sold for $2,300,000

Listed by: Gould Group Inc • Nick Gould • Contact: 949-996-7976

Bought with: Century 21 Masters

$2,300,000

263 E 16th Pl, Costa Mesa, CA 92627

8beds

4baths

3,770sqft

Multi Family

Built in 1959

-- sqft lot

$2,406,700 Zestimate^®

$610/sqft

$5,120 Estimated rent

Home value

$2,406,700

$2.19M - $2.67M

$5,120/mo

Zestimate^® history

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$5,120/mo

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$5,120/mo

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$14,426/mo

Est. payment

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$14,426/mo

Est. payment

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What's special

Single-car garageCommunal courtyardAdditional off-street parkingOnsite laundry facility

Discover a prime investment opportunity with this added-value, four-unit property in one of Costa Mesa’s most desirable locations. Situated just steps from E. 17th Street, Newport Heights, and within reach of several top-ranked public schools in Orange County, this property is ideally positioned for convenience and long-term value. Each of the four spacious 2-bedroom, 1-bathroom units offers approximately 943 square feet of living space, complete with a single-car garage and additional off-street parking, ensuring tenant comfort and ample parking solutions. Residents will enjoy the convenience of an onsite laundry facility and a communal courtyard perfect for relaxation and social gatherings. This property represents a fantastic opportunity for investors looking to capitalize on the high demand in a premier Costa Mesa location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Wall Furnace

Appliances

Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,770
Total interior livable area: 3,770 sqft

Property

Parking

Total spaces: 8
Parking features: Assigned
Garage spaces: 4
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Entry location: 2
Pool features: None
Spa features: None
Fencing: Block
Has view: Yes
View description: None

Lot

Size: 6,970 Square Feet
Features: 2-5 Units/Acre

Details

Parcel number: 42522103
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Stucco
Roof: Composition

Condition

New construction: No
Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
Subdivision: Eastside Heights (Ehcm)

Location

Region: Costa Mesa

Financial & listing details

Price per square foot: $610/sqft
Date on market: 11/12/2024
Cumulative days on market: 2 days
Listing terms: Cash,Cash to New Loan
Tenant pays: Cable TV, Electricity, Gas

Price history

Date	Event	Price
12/18/2024	Sold	$2,300,000-4%$610/sqft
Source: CRMLS #NP24232571 Report a problem
11/25/2024	Pending sale	$2,395,000$635/sqft
Source: CRMLS #NP24232571 Report a problem
11/20/2024	Contingent	$2,395,000$635/sqft
Source: CRMLS #NP24232571 Report a problem
11/12/2024	Listed for sale	$2,395,000$635/sqft
Source: CRMLS #NP24232571 Report a problem